Is Inward FDI Enhancing or Crowding-out Domestic Innovation Capability in Emerging Markets? Evidence from BRICT Countries

Crowding out (in) effect of FDI on domestic investment in the Middle East and North Africa countries

Theoretically and empirically, FDI may have positive (complementary) or negative (substitution) effect on the host country’s domestic investment. This study aims to examine the existence of crowding out (in) effect of FDI for MENA countries with high- and low- level income. Using the GMM, several regressions were estimated over the periods of 1981-2017 and 2001-2017. The immediate positive effe...

Crowding out Effect of Foreign Aid in Selected Developing Countries: Panel Data Evidence

Domestic Debt Structures in Emerging Markets: New Empirical Evidence

This paper explains why public domestic debt composition in emerging economies can be risky, namely in foreign currency, with a short maturity or indexed. It analyses empirically the determinants of these risk sources separately, developing a new large dataset compiled from national sources for 33 emerging economies over 1994-2006. The paper finds that economic size, the breadth of the domestic...

crowding out effect of foreign aid in selected developing countries: panel data evidence

The evolution of R&D capability in multinational corporations in emerging markets: evidence from China

This paper presents a longitudinal case of Motorola’s R&D subsidiary in Beijing over the period 1998–2008. Through the construction of key events and changes, the paper unfolds the evolutionary process of Motorola’s R&D capability in China, and explores the mechanisms driving that evolution. We find that this R&D subsidiary evolved through four stages: from a local adaption unit performing adap...